Tag: Section 54F exemption

ITAT Mumbai: Capital Receipt from Tenancy Surrender Cannot Be Taxed as “Other Sources” Despite Computation Dispute

Team Law Notify Commissions, Forums & Tribunals May 5, 2026

ITAT _ Income Tax Appellate Tribunal _ LawNotify

April 30, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that once a receipt is characterised as arising from the transfer of a capital asset, it cannot be reclassified and taxed under the residuary Read more…

ITAT: Builder’s Contractual Rebate Not Taxable as Income; Registration of Sale Deed Not Mandatory for Section 54F Exemption

Team Law Notify Commissions, Forums & Tribunals February 26, 2026

February 25, 2026 : The Income Tax Appellate Tribunal (ITAT), New Delhi has held that a contractual rebate or discount granted by a real estate developer under the terms of a buyer’s agreement cannot be treated as taxable income in Read more…